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In Brief: IFF

This article was originally published in The Rose Sheet

05 Feb 1996

News

The Rose Sheet

Executive Summary

IFF: Net sales for 1995 advanced 9.4% to $1.44 bil. and net income grew 10.1% to $248.8 mil, the company said Jan. 31. However, International Flavors & Fragrances fourth quarter net income declined 7.9% on net sales of $311.5 mil. (up 2%). The firm attributed the results to lower fragrances sales, "particularly in Europe due to sluggish retail sales" for fine fragrances. In addition, the strike in France coinciding with the holiday season "when a large portion of fine fragrance is traditionally sold" also affected the results...